Abstract
It is believed that production of crude oil and natural gas without flaring and venting is neither technically nor economically feasible. In the face of this challenge, it is pertinent to understand the technical, economic, environmental, and social effects of flaring and venting in the production of crude oil and natural gas. This paper is a review of the role of flaring and venting in the production of oil and gas and an exposition of the environmental consequences of flaring and venting with respect to the production of crude oil and natural gas. The study exhaustively and systematically revealed the global and local effects of flaring and venting of natural gas on the environment and thereafter suggested various mechanisms through which flaring and venting could be drastically reduced using commercial models, regulation, new technologies and re-injection.
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